The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-25

ton Of anything unusual. and, although
s q az. sss-, Wa 'ns sss aiis a SSsni;.
shortly after ii o'clock. ths attack was be-
gun, the Gould stoeks being the partio-
alar sbisct Of attsntion. Manhattan
TO lis, Missouri Pacific from 1u6H to 81
and Western Union from 1536 10 GIN. Ru-
mors were circulated at the same time Of a
Engagement between Messrs. Gould, Field
ports Of the death Of the first named gentle
man. The money market was not negieo'ed,
but rates were marked up to 6-l6 and inter-
est: A tremendous selling movement began,
tons we're no longer confined 10 fractions,
but prices dropped in some cases and 8 per
cent at time. The stories in regard to Mr.,
d0uld soon met with denial, and even pro-
tsssion,l bears we're influential in stopping
the wild sales Of securities. Other rumors
which had been set ahoat were disproved
and liberal buying soon turned the tide OF
Affairs, free recovery followed in all ex-
cept few OF the conspicuously weak stocks,
among which Manhattan and Rich mond and
West Point were most conspicuous. The
specialties were not sharers TO any extent in
the movement, which was con fined to the
Leading speculative stocks Of the day. The
opening was Suiet and firm to strong. first
figures. The Gould stocks were notice o
heavy though the declines for the first hour
were confined to less than per cent, while
the remainder OF the market was irregular
with narrow fluctuations. The market gave
indications OF hr ness when the great drive
was made. when everything gave way with
rush, the sales for the succeeding hour being
TsSnmething enoprmous, about 100000 shai es. |
noon, but further progress was made in many |
STOCKS and recovery was not fairly under |
way before p.n. The advance was mai ked
by large decrease in activity and in the |
neighborhood of o'clock the market again |
subsided into midsummer dullness. there |
was more tradiog later, however, aud the
market fuctualod frequently, the general
tendency, howe'er, being howard. AT the
firm. The total business for the day was the
Ia gest for any so lar this year, amounting
TO 667,970 shares. The entire active list
Is lower end Manhattan ii, down 2l%
per cent W.T. D9 pr;S pTst'r2d IA RiChmSnd
Western Union, 21si Missouri Pacific, ~;
Texas Pacific, IA; Colorado Coal, Il; Lake
Erie and Western preferred. II; Oregon
lss; New England, lA Il
md others fractional amounts. The TT ding
% railIoad bonds was unaffectel By the
fluctuations in stocks, although prices were
generally heavy, and the Atlantic and Pa
INC incomes, the leading speculative bond
u the day. was especially active, contribute
ing S24S,l 90 to the days total Of l,026, 900,
The mar ket was heavy throughout the day,
md closing prices generally show declines.
illinois lentIal. 81; first, 90, at 95%;
" abash general receipts, 81, at So; Great
Nestern seconds, ~, at 1903, and Mobile and
)hio first debentures, 57s, .at54.
The total sales Of stocks today were
81 go shares, nclnding Canada Southern,
m. 80 $40; Erie, 5000: Kansas and Texas,
100: Lake ShO c, 1880; Louisville and
nashville, 1880; Missouri Pacific, II, 6S5;
Iorthwestern, 1878; New jersey Central,
ifc Preferred, SOLO; Oregon Transconti-
entail, $3.50; Pacific Mail, 1880; Reading,
3, sos: I; Paul. 1900; st. Paul and Oms-
q, S925; Texas Paclfc,, 1870; Union Pa /
me- zi'oqO; Western Union, 1913; Wheel s
Ons: |